🌿 Edible Oil Market Update

Advisory Bazaar Info Services

▪️ KLC (Malaysian Palm Oil) witnessed an uptrend today due to external factors like rising tensions in the Middle East. The market closed higher last week as well. Increased palm oil exports and declining production continue to support the fundamentals.

▪️ Despite weak demand, palm oil prices may remain strong in the short term. Any correction should be seen as a buying opportunity. In the medium term, prices may rise by ₹4–5/kg.

▪️ Despite the US attack on Iran, the market has not shown major reactions. On China’s DCE Exchange, palm and soybean oils showed weakness. CBOT soybean oil is trading about 60 cents higher, though stronger gains were anticipated. Concerns over potential crude oil supply disruptions are also lending support to the edible oil segment.

▪️ Mustard oil also showed an upward trend today, continuing last week’s momentum. Around 1–1.25 lakh tonnes of mustard DOC stock is currently available at ports. Although demand is slow, mustard oil may gradually rise by ₹4–5/kg and is likely to reach the ₹1500 level.

🔺 Note:

War-related news tends to trigger market rallies but also comes with high risks. Any reports of peace talks or ceasefires can quickly halt the uptrend. Therefore, traders are advised to focus on routine business operations and avoid aggressive buying or selling.